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Author Question: The Framing Gallery frames posters and has total fixed costs of $1,000. The Framing Gallery is ... (Read 96 times)

jessicacav

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Question 1

________ is the average cost of producing each unit of output.


◦ Average fixed cost
◦ Average total cost
◦ Average variable cost
◦ Marginal cost

Question 2

The Framing Gallery frames posters and has total fixed costs of $1,000. The Framing Gallery is currently framing ________ posters if its average variable cost is $20 and its average total cost is $30.


◦ 5
◦ 25
◦ 100
◦ an indeterminate number of


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Marked as best answer by jessicacav on Apr 19, 2019

dajones82

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dajones82

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